President Biden on Monday signed a bipartisan bill banning imports of Russian enriched uranium, with waivers for companies to continue bringing it in until 2028.
Why it matters: The U.S. spends an estimated $1 billion per year on nuclear fuel from Russia, so the new law cuts off a key source of revenue as Putin's forces escalate their war on Ukraine and drive military spending to levels not seen since the Soviet Union in the mid-1980s.
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